BLBG: U.S. Stocks Trim Losses as Industrial, Technology Shares Advance
By Michael P. Regan
June 16 (Bloomberg) -- U.S. stocks trimmed losses as shares of industrial and technology companies advanced and the euro erased declines after falling as much as 0.6 percent against the dollar.
The Standard & Poor’s 500 Index slipped 0.1 percent to 1,113.69 at 11:22 a.m. in New York after tumbling as much as 0.7 percent earlier. The gauge rallied 2.4 percent yesterday and closed above its 200-day average for the first time in almost a month, a bullish sign to investors who make trading decisions based on chart patterns. The euro was little changed at $1.2332.
